NOT LISTED FOR SALE

5730 E Beverly Blvd Los Angeles, CA 90022

Estimated Value: $608,076

3 Beds
3 Baths
2,319 Sq Ft
$262/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $530,000 $229 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,850/month

77 Days on Market

About This Home

As of May 2023

5730 E Beverly Blvd in East Los Angeles consists of two separate buildings. At the back of the property is a two story house consisting of 4 bedrooms and 3 baths with independent access through the alley and a 2-car garage. Situated at the front is the second unit that has been historically rented as a retail space sitting directly on Beverly Blvd. This front commercial unit could be repurposed as office space or as a 1 bedroom residential additional dwelling unit (Buyer Must Verify).

The front unit will be delivered without tenants, the back unit has the potential to be delivered the same way.

This offering presents the opportunity for an investor to add value through repurposing the front unit, or rent the commercial unit as is to command just shy of a 5% cap at the offered price. The deal has great potential for an owner-user alike.

This asset is situated off of route 60 Pomona Freeway; one mile away from East Los Angeles College; and less than two miles away from the 24 million dollar 3rd and Dangler Project, a 78 unit transit oriented development project that will provide residents of East Los Angeles better access to public transportation, connecting them to job opportunities in downtown Los Angeles and the San Gabriel Valley.

Last Agent to Sell the Property

Alexandro Colombo

Keller Williams Coastal Prop. License #01927702 Listed on: 12/07/2022

Keller Williams Coastal Prop.

Last Buyer's Agent

Alexandro Colombo

Keller Williams Coastal Prop. License #01927702 Listed on: 12/07/2022

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 2,379 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,319 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 64
  • Tax Tract Number 10665
  • Assessor Parcel Number 6342001028
  • $1,610 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,275
  • Water Sewer Expense $900
  • Operating Expense $14,009
  • Gross Income $47,340
  • Net Operating Income $31,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 310-978-7950
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Zoning: LCC3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6342001028
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 228.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2379.00
  • Lot Size Acres: 0.0546

Multi Family

  • Gross Income: 47340.00
  • Gross Scheduled Income: 47340.00
  • Insurance Expense: 1275.00
  • Lot Size Area: 2379.0000 Square Feet
  • Net Operating Income: 31911.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14009.00
  • Rent Control: Yes
  • Total Expenses: 14009.00

Tax Info

  • Tax Census Tract: 5303.02
  • Tax Lot: 64
  • Tax Tract Number: 10665
  • TaxOtherAnnualAssessmentAmount: 1610.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Apr 27, 2023
Sold by
Avilas Property Investments Llc
Bought by
Escobar Jose
Seller's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
Buyer's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
List Price
$645,000
Sold Price
$530,000
Premium/Discount to List
-$115,000
-17.83%
Views
217
Current Estimated Value
$608,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,076
Avg. Annual Appreciation
5.32%
Original Mortgage
$50,000
Outstanding Balance
$48,592
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$559,484

Purchase Details

Closed on
Jun 8, 2016
Sold by
Guerrero Hector Avila
Bought by
Avilas Property Investments Llc

Purchase Details

Closed on
Jan 5, 2010
Sold by
Lopez Rudy A
Bought by
Guerrero Hector Avila

Purchase Details

Closed on
Nov 24, 2009
Sold by
Martinez Michael and The Richard Anaya & Valeria &
Bought by
Lopez Rudy A

Purchase Details

Closed on
Oct 12, 2009
Sold by
Lopez Rudy A
Bought by
Martinez Michael and The Richard Anaya & Valeria & William Cu

Purchase Details

Closed on
Jan 5, 2009
Sold by
Garcia Fernando B
Bought by
Lopez Rudy A

Purchase Details

Closed on
Nov 14, 2005
Sold by
Garcia Rosalia
Bought by
Garcia Fernando B

Purchase Details

Closed on
Nov 3, 1995
Sold by
Ramirez Juana Herlinda and Luna Francisca
Bought by
Garcia Fernando B and Garcia Rosalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.38%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Escobar Jose $530,000 Ticor Title Company
Avilas Property Investments Llc -- None Available
Guerrero Hector Avila $65,926 Accommodation
Lopez Rudy A -- None Available
Martinez Michael -- None Available
Lopez Rudy A -- None Available
Garcia Fernando B -- --
Garcia Fernando B $150,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Jose $50,000
Previous Owner Garcia Fernando B $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $530,000 -17.8% $229 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
12/07/2022 12/07/22 For Sale $645,000 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,077 $551,412 $171,666 $379,746
2024 $8,077 $540,600 $168,300 $372,300
2023 $7,736 $512,018 $307,211 $204,807
2022 $7,407 $501,980 $301,188 $200,792
2021 $7,321 $492,138 $295,283 $196,855
2019 $7,116 $477,543 $286,526 $191,017
2018 $7,024 $468,180 $280,908 $187,272
2016 $7,344 $501,583 $261,696 $239,887
2015 $7,239 $494,050 $257,766 $236,284
2014 $7,230 $484,373 $252,717 $231,656
Source: Public Records

Agents Affiliated with this Home

  • Alexandro Colombo

    Seller's Agent in 2023

    Alexandro Colombo

    Keller Williams Coastal Prop.

    (562) 450-0420

    1 in this area

    25 Total Sales

    Alexandro Colombo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22252482

California Regional Multiple Listing Service (CRMLS)

APN: 6342-001-028

California Los Angeles County Los Angeles 90022

5730 E Beverly Blvd, Los Angeles, CA

Not Listed for Sale

MultiFamily

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